With Accord Mortgages withdrawing from the 90% Mortgage Market, what is the current guidance and options for those with a smaller deposit?
In addition to existing requirements, the society is now requesting the last three months business bank statements from borrowers that clearly demonstrate current trading levels
Platform, the intermediary mortgage brand of The Co-operative Bank, is reintroducing its Help to Buy mortgages alongside a range of 85% LTV products from next week.
"These funds are not going to be available for too long, as clients and brokers will look to secure this funding. We are grateful for this opportunity when other high street lenders move away from the small deposit market, but for First Time Buyers this may be the only way they can proceed."
Accord Mortgages is relaunching its 90% LTV range exclusively for first-time buyers.
Nationwide is the latest lender to reduce its maximum LTV for new business, but will continue to lend up to 95% LTV for existing mortgage members.